Could Salisbury's Debenhams be under threat?

Could Salisbury's Debenhams be under threat?

Published by Faye Tryhorn at 11:00am 6th April 2020.

2 minute read

The department store chain's filed a 'notice of intent' to appoint administrators.

The business has made the announcement this morning (Monday 6th April).

Debenhams' 149 stores, including the one on Salisbury's Blue Boar Row, are currently closed in line with Government advice on the Covid-19 pandemic.

Debenhams Salisbury (Mike Draper)
The Salisbury store is closed at the moment, due to rules on 'non-essential businesses' during the coronavirus crisis

The chain's said they've filed the 'notice of intent' to bring in administrators will 'protect Debenhams from the threat of legal action that could have the effect of pushing the business into liquidation'.

But, a statement from Debenhams suggets they are 'making preparations' to re-open stores once the government lockdown is lifted.

For the time being, the store is still trading online, with orders, gift cards and returns 'being accepted and processed normally'.

Stefaan Vansteenkiste, CEO of Debenhams, said:

"These are unprecedented circumstances and we have taken this step to protect our business, our employees, and other important stakeholders, so that we are in a position to resume trading from our stores when Government restrictions are lifted.  

"We are working with a group of highly supportive owners and lenders and anticipate that additional funding will be made available to bridge us through the current crisis period. With their support and working with other key stakeholders, including landlords, pension trustees and business partners, we are striving to protect jobs and reopen as many Debenhams stores for trading as we can, as soon as this is possible."

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